06:17 AM EDT, 10/15/2025 (MT Newswires) -- Stellantis ( STLA ) plans to invest $13 billion in the US over the next four years, as the automaker looks to expand its production and manufacturing presence in the world's largest economy.

The maker of Chrysler, Fiat and Jeep expects the investment to increase annual finished vehicle output by 50% over current levels, it said late Tuesday. The company intends to launch five new vehicles across its brand portfolio, in addition to 19 refreshed products in local assembly plants and updated powertrains planned through 2029.

Stellantis ( STLA ) said the investment includes research and development and supplier costs to execute its full product strategy over the next four years. It is projected to create more than 5,000 jobs at the company's manufacturing plants in Illinois, Ohio, Michigan and Indiana.

"This investment in the US -- the single largest in the company's history -- will drive our growth, strengthen our manufacturing footprint and bring more American jobs to the states we call home," Chief Executive Antonio Filosa said in a statement. "Accelerating growth in the US has been a top priority since my first day."

The automaker's New York Stock Exchange-listed stock edged up 0.5% in the most recent premarket activity.

Stellantis ( STLA ) aims to spend more than $600 million to reopen its assembly plant in Belvidere, Illinois for the production of its Jeep Cherokee and Compass, with an initial production launch slated for 2027. A $400 million investment is earmarked for the company's facility in Toledo, Ohio, where it will transfer the assembly of its midsize truck with a targeted launch of 2028.

The auto manufacturer will invest almost $100 million to transform its Warren Truck assembly facility in Michigan, where it plans to develop an all-new range-extended electric vehicle and internal combustion engine large sports utility vehicle starting in 2028. It also expects to spend $130 million at its plant in Detroit for the production of its Dodge Durango, scheduled to launch in 2029.

The company reiterated its plan from January to make additional investments in several of its facilities in Kokomo, Indiana to produce a new four-cylinder engine in 2026. It intends to spend more than $100 million for this initiative.